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Given the following information on an Indian exchange: Todays Spot: USD/INR 74.28 Spot rate (at expiry): 75.20 USD/INR Monthly Deliverable Call Options Time to expiry:

Given the following information on an Indian exchange:

Todays Spot: USD/INR 74.28

Spot rate (at expiry): 75.20 USD/INR

Monthly Deliverable Call Options Time to expiry: 1 month

Contract size: 1000 USD

Strike: 73.75

Option Premium: 55 paise (that is 0.55 INR) What is the net INR return to a speculator from purchasing this option and holding it until maturity?

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